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EUR/USD 100-DMA pierced, May 11 low eyed

  • US housing data has bears in charge, ECB Coeure comments weighed

  • Solid housing data sends USD & US Treasury yields soaring, spreads widen

  • EUR/USD eyes May 11 lows as 100-DMA pierced, test likely as RSIs biased down

  • If cleared key 1.1050/70 zone eyed, if breaks 2015 rally dented

  • Above 1.1325/30 needed to ease immediate bear pressure

  • Market Data
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